Next Level: GOLD $1,350.00

The economy has been 'improving' for the last year, yet the dollar has dropped.

 

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Watch interest rates. If the economy improves enough that the Fed is willing to raise rates, then gold will be more expensive for speculators to carry and will have a higher opportunity cost compared with money market instruments.

 

Jan 2, 2010

Someone asks Bernanke his thoughts on Gold.


http://www.youtube.com/watch?v=CP9CFAVFEgc

 

How to evade the question... [insert Blackhawk, because it's a fast HELICOPTER]

 

Gold

Guys im a gold n silver bug..i have simple strategy for gold n silver
i just buy EVERY week,average the mean price i paid,some weeks i buy nuggets if price ok ,or gold coin or bars or silver
this week ill hit on silver coins,if price goes up or down i will buy n not look back if price goes up or down i day i pay

I have been buying this way strong for over a year so if price goes as some think to $1300 or lower to $1,000 ill still buy same amount dollars.

I buy for simple reason we are in uncharted territory,upwards downwards side ways dosnt concern me
By uncharted territory i also look to future events i dont know about now..wish i did
last year my supe rfund had shares in some usa company i had never heard of IAG n our state of queensland australia had $400 million invested in them ,than a mate sproperty trust had exposure to Dubai that is in red billions,i thought it had oil money not mortgae dollars

so what else will happen by someone or somehitng that we dont know of today?
Uncharted territory is ahead
If our ecconomy was aship do we know how to steer around icebergs:hatch:
but really i just enjoy the stuff:high5:

 

You violated Warren Buffet's number #1 rule for investing.

Never invest in something you dont understand.

 

Maybe the confusion is caused by the misguided belief that the economy is improving when, in fact, it is continuing to weaken.

 

I would have to agree. I have a feeling we are on the verge of the second dip in the markets, the first hit it's low in March of last year. I have pulled out of the markets for now because I feel we are on thin ice. I hope I'm wrong, but I'm not taking the chance on losing everything I made last year. All of this is just my gut feeling, but that feeling has been good to me in recent years. I think gold might drop for a short period, but will rise again and break $1500 this year.

 

gold open high in asia. $1,158.50 an ounce.

 

With the weakning of the U.S. dollar maybe gold stocks or actual gold bullion is the way to go. Wait until inflation takes hold then watch out for another down swing.The middle class wage earners will fell the pinch.

 

gold heading to test the record high again. if pass through. then over $1,300.00 is on its way.

 

Yankee might have lost his $1K chance to buy back his bullion! :bigeyes:
Might be time to book that cruise and unload those piles of paper notes laying around. :whistle:

 

Philippine central bank is buying gold???.

http://www.mb.com.ph/articles/237830/selling-gold-bsp

 

wow, what a strong opening for gold...

next time I will listen to Yankee in terms of selling....perhaps not so much for buying...

 

silver new recent high $18.76

 

i can easily sell all my gold holding at current high price to central bank of the philppines. and get my cash immediately by tomorrow. but why should i sell it to them. the central bank is buying. something is cooking. isn't it?.

yankee. buy together with central bank at this time. before it's too late.

 

Keep you old gold and silver coins and others in a safe place.The rush to buy and sell at the local coin shows will go up this year

 

china is buying commodity heavily???.

http://www.sharenet.co.za/v3/news_disp.php?id=201272

 

China is buying everything these days.They buy the raw products and sell the north americans the finished products and under-cutting everybody and we are paying the price lost jobs and devalued dollar.Now who is the biggest looser.

 

Oh I think its 'improved' as compared to the mess it was in a year ago. Its just not good and certainly is not as good as those on Wallstreet (who want you to buy their stocks and bonds) want you to believe.